Out of interest, how long are you coming for and what for?

@John *********

I am hoping that is true; I have other stuff that can be levied

I am hoping that is true; I have other stuff that can be levied

@John *********

are you sure? Taxation of Social Security Payments: According to the US-Thailand tax treaty, social security payments received by a US citizen from the US government are only taxable in the US. However, if the tax rate on these payments is zero in the US (which it often is), you won't have a tax credit to use in Thailand. Therefore, Thailand could tax this income if you are a tax resident ?

See if you can figure it out; I would prefer not to republish the suggestion

@Khun ****

You "should not" say/publish or encourage this. Permanent deportation from the country can result. "It's called breaking the law!" and aiding in such

A lot can happen in a 'few years,' both for you and in Thailand! There's no real upside to opening an account until you need it. Keep your money with you until closer to the time.

@Jae ****

But not a bed of roses for BRICS:

Brazil: Political instability and corruption scandals.

Russia: Sanctions and economic isolation.

India: High unemployment and inflation.

China: Slowing economic growth and high debt levels.

South Africa: Political uncertainty and governance issues.

Thailand: Economic recovery post-pandemic, political uncertainty, and tourism dependency.

G7

United States: Strong economic growth, technological innovation, and a robust financial sector.

Germany: Industrial powerhouse, strong manufacturing sector, and fiscal stability.

Japan: Advanced technology, high levels of innovation, and strong export economy.

United Kingdom: Global financial center, strong service sector, and high levels of foreign investment.

Canada: Stable political environment, rich natural resources, and strong banking system

Where are all these people coming from with all these voodoo mysterious projections? This is like reading flyers dropped by the Nazis in World War II. We’re at the white cliffs of Dover: 'Join us before it's too late.' Move 10,000 at 4.5% from the UK to Thailand at 1.25% if you're lucky, and then there are transfer fees? And the dollar is going to sink like the Titanic, and only James Cameron can bring it back up in a year or two with 'Titanic II' starring "Dollar Bill"

This is not a correct statement, and you should consult a USA/THAI tax attorney if you are bringing in a substantial amount of money other than your U.S. paid Social Security/Pension.

If you live in Thailand for over 180 days, you are considered a resident and there is a very good chance you will be challenged at some point to declare all income earned in or after 2024 that you brought into the country (but everything is in the air right now).

You can apply a tax credit for taxes you have already paid in a foreign country. Article 2 of the DTA might help.

Disclaimer: I am a certified Ford Senior Master Technician (car mechanic), so I am qualified to give free tax advice to anyone that will listen.

"Social security benefits and other similar public pensions paid by a Contracting State to a resident of the other Contracting State or a citizen of the United States shall be taxable only in the first-mentioned State."

This means that your U.S. Social Security income, even when brought into Thailand, is only taxable by the United States and not by Thailand. This provides protection to your Social Security income, ensuring it is not subject to double taxation.